{"status":true,"post":{"id":17051,"user_id":10,"status":1,"type":1,"orde":null,"notification_type":3,"static_post":0,"published_at":"2022-10-21 10:14:40","created_at":"2017-08-14T21:00:00.000000Z","updated_at":"2022-10-21T07:14:40.000000Z","edited_at":"2024-12-17 22:35:21","source_id":null,"post_id":17051,"is_featured":0,"title":"Geli\u015fen \u00fclkeler 2017 y\u0131l\u0131nda daha rahat","slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"home_title":null,"sub_title":null,"category_id":73,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p><span class=\"large\">ABD Merkez Bankas\u0131\u2019n\u0131n normalle\u015fme ad\u0131mlar\u0131n\u0131 atmaya ba\u015flamas\u0131n\u0131n ard\u0131ndan k\u00fcresel mali ko\u015fullar 2014 y\u0131l\u0131ndan itibaren geli\u015fen \u00fclkeleri zorlamaya ba\u015flam\u0131\u015ft\u0131. 2015 ve 2016 y\u0131llar\u0131n\u0131 s\u0131k\u0131nt\u0131l\u0131 ge\u00e7iren geli\u015fen \u00fclkelerde ba\u015fta b\u00fcy\u00fcmenin yava\u015flamas\u0131 olmak \u00fczere ekonomik performans zay\u0131flam\u0131\u015ft\u0131. 2017 y\u0131l\u0131nda ise geli\u015fen \u00fclkelerin rahatlad\u0131\u011f\u0131 ve ekonomik performanslar\u0131n\u0131 art\u0131rd\u0131klar\u0131 g\u00f6r\u00fcl\u00fcyor.<\/span><\/p>  <p><span class=\"large\"><strong>1. GEL\u0130\u015eEN \u00dcLKELERDE B\u00dcY\u00dcME YEN\u0130DEN TOPARLANIYOR<\/strong><\/span><\/p>  <p><span class=\"large\">2015 y\u0131l\u0131nda y\u00fczde 4.0, 2016 y\u0131l\u0131nda ise y\u00fczde 4.3 b\u00fcy\u00fcyen geli\u015fen \u00fclkelerin 2017 y\u0131l\u0131nda y\u00fczde 4.6 b\u00fcy\u00fcmesi bekleniyor. B\u00fcy\u00fcmenin toparlanmas\u0131nda geli\u015fmi\u015f \u00fclkelerdeki b\u00fcy\u00fcmenin h\u0131zlanmas\u0131 ile d\u00fcnya mal ticaretinin yeniden b\u00fcy\u00fcmesi etkili oluyor. Geli\u015fen \u00fclkelere y\u00f6nelik ba\u015flayan y\u00fcksek sermaye giri\u015fleri de b\u00fcy\u00fcmeyi finanse ediyor. Sermaye giri\u015fleri ayn\u0131 zamanda faizlerin de gev\u015femesine yol a\u00e7\u0131yor. Emtia ve enerji fiyatlar\u0131n\u0131n g\u00f6receli olarak y\u00fckselmi\u015f olmas\u0131 da geli\u015fen \u00fclkelerde b\u00fcy\u00fcmeye destek oluyor. Geli\u015fen \u00fclkeler 2017 y\u0131l\u0131nda birbirine yak\u0131n ve dengeli bir b\u00fcy\u00fcme ger\u00e7ekle\u015ftirmi\u015f olacaklar.<\/span><\/p>  <p><span class=\"large\"><strong>2. GEL\u0130\u015eEN \u00dcLKELERDE MAKROEKONOM\u0130K G\u00d6STERGELER DAHA SA\u011eLIKLI HALE GEL\u0130YOR<\/strong><\/span><\/p>  <p><span class=\"large\">Geli\u015fen \u00fclkelerde \u00f6ncelikle enflasyon bask\u0131s\u0131 giderek zay\u0131fl\u0131yor. Bunda sermaye giri\u015flerine ba\u011fl\u0131 olarak geli\u015fen \u00fclke para birimlerinin de\u011fer kazanmas\u0131 etkili oluyor. Cari a\u00e7\u0131k ve d\u0131\u015f ticaret a\u00e7\u0131\u011f\u0131 alan\u0131nda daha makul b\u00fcy\u00fckl\u00fckler olu\u015fuyor. Kamu maliyelerinde de daha dengeli sonu\u00e7lar elde ediliyor. Geli\u015fen \u00fclkelerde makro g\u00f6stergelerdeki iyile\u015fme sermaye giri\u015fleri ile varl\u0131k fiyatlar\u0131ndaki art\u0131\u015f\u0131 da destekliyor.<\/span><\/p>  <p><span class=\"large\"><strong>3. GEL\u0130\u015eEN \u00dcLKELERE SERMAYE G\u0130R\u0130\u015e\u0130 YA\u015eANIYOR <\/strong><\/span><\/p>  <p><span class=\"large\">Geli\u015fen \u00fclkeler 2015 ve 2016 y\u0131llar\u0131nda \u00f6nemli sermaye \u00e7\u0131k\u0131\u015flar\u0131 ya\u015fad\u0131. 2017 y\u0131l\u0131nda ise y\u00fcksek sermaye giri\u015fi ya\u015fan\u0131yor. B\u00fcy\u00fck merkez bankalar\u0131n\u0131n para politikalar\u0131nda normalle\u015fme s\u00fcre\u00e7lerine ra\u011fmen geli\u015fen \u00fclkeler b\u00fcy\u00fcme performanslar\u0131 ile sermaye \u00e7ekebiliyor. Hisse senedi ve tahvil piyasalar\u0131na y\u00fcksek yat\u0131r\u0131mlar ger\u00e7ekle\u015fiyor. Kredi ve \u00f6zel sekt\u00f6r tahvil ihrac\u0131 \u015feklindeki finansmana eri\u015fim de kolayla\u015ft\u0131. Yunanistan dahi 2017 y\u0131l\u0131nda kredi ve tahvil piyasas\u0131na geri d\u00f6nd\u00fc. Sermaye giri\u015fleri ile birlikte geli\u015fen \u00fclkelerin merkez bankalar\u0131 da rahatlad\u0131 ve faizler g\u00f6receli olarak gev\u015femeye ba\u015flad\u0131.<\/span><\/p>  <p><span class=\"large\"><strong>4. GEL\u0130\u015eEN \u00dcLKELER\u0130N PARA B\u0130R\u0130MLER\u0130 DE\u011eER KAZANIYOR<\/strong><\/span><\/p>  <p><span class=\"large\">2014 ve 2015 y\u0131llar\u0131nda geli\u015fen \u00fclke para birimleri \u00f6nemli \u00f6l\u00e7\u00fcde de\u011fer kaybetti. 2016 y\u0131l\u0131n\u0131n ortas\u0131ndan itibaren de\u011fer kayb\u0131 dura\u011fanla\u015ft\u0131. 2017 y\u0131l\u0131nda ise geli\u015fen \u00fclke para birimleri sermaye giri\u015flerinin de etkisi ile de\u011fer kazan\u0131yor. Dolar\u0131n son aylarda k\u00fcresel \u00f6l\u00e7ekte zay\u0131flamas\u0131 da etkili oluyor.<\/span><\/p>  <p><span class=\"large\"><strong>5. T\u00dcRK\u0130YE DE 2017 YILINDA DAHA UYGUN KO\u015eULLARA SAH\u0130P OLDU<\/strong><\/span><\/p>  <p><span class=\"large\">Geli\u015fen \u00fclkeler 2015 ve 2016 y\u0131llar\u0131nda \u00f6nemli \u00f6l\u00e7\u00fcde s\u0131k\u0131nt\u0131 \u00e7ekerken T\u00fcrkiye kendi i\u00e7inde ya\u015fad\u0131\u011f\u0131 olumsuz geli\u015fmelerle ortalaman\u0131n \u00fczerinde bir s\u0131k\u0131nt\u0131 ya\u015fad\u0131. Yat\u0131r\u0131m yap\u0131labilir \u00fclke kredi notlar\u0131n\u0131 kaybeden T\u00fcrkiye\u2019de enflasyon ve faizler artarken T\u00fcrk Liras\u0131 da \u00f6nemli \u00f6l\u00e7\u00fcde de\u011fer kaybetti. 2017 y\u0131l\u0131nda ise T\u00fcrkiye geli\u015fen \u00fclkeler i\u00e7in ortaya \u00e7\u0131kan olumlu ko\u015fullardan azami \u00f6l\u00e7\u00fcde yararlan\u0131yor. 2017 y\u0131l\u0131nda T\u00fcrkiye\u2019ye yeniden \u00f6nemli bir sermaye giri\u015fi oluyor. Ekonomik b\u00fcy\u00fcme h\u0131zland\u0131. Mali varl\u0131klar\u0131n de\u011ferleri y\u00fckseliyor. T\u00fcrk Liras\u0131 da g\u00f6receli bir istikrar kazand\u0131.<\/span><\/p>  <p><span class=\"large\"><strong>6. YILIN GER\u0130 KALANINDA GEL\u0130\u015eEN \u00dcLKELER\u0130N ARTAN PERFORMANSI S\u00dcRER M\u0130?<\/strong><\/span><\/p>  <p><span class=\"large\">Y\u0131l\u0131n geri kalan\u0131nda geli\u015fen \u00fclkelerin artan performans\u0131n\u0131 s\u0131n\u0131rlayacak en \u00f6nemli unsur ABD ve AB merkez bankalar\u0131n\u0131n para politikalar\u0131nda normalle\u015fme ad\u0131mlar\u0131 olacak. Ancak geli\u015fen \u00fclkeler yakalad\u0131klar\u0131 b\u00fcy\u00fcme performanslar\u0131n\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde koruyacak. Bu da onlara sermaye giri\u015finin s\u00fcrmesini sa\u011flayacak. Buna ba\u011fl\u0131 olarak para birimlerinde s\u0131n\u0131rl\u0131 de\u011fer kay\u0131plar\u0131 ya\u015fanacak. Ancak bu etkiler her geli\u015fen \u00fclke i\u00e7in farkl\u0131 olacak ve geli\u015fen \u00fclkeler yeniden ayr\u0131\u015facak.<\/span><\/p>  <p><span class=\"large\"><strong>Son S\u00f6z:<\/strong> T\u00fcrkiye b\u00fcy\u00fcme dinamiklerini koruyarak geli\u015fen \u00fclkeler i\u00e7inde olumlu ayr\u0131\u015fmal\u0131, d\u0131\u015f politika ve jeopolitik risklerini en aza indirmeli.<\/span><\/p>  \t\t\t\t","slug":"gelisen-ulkeler-2017-yilinda-daha-rahat","tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Geli\u015fen \u00fclkeler 2017 y\u0131l\u0131nda daha rahat","meta_description":"Dr. Can G\u00fcrlesel","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"view_count":100,"cropped_1200x675":null,"user":{"id":10,"name":"CAN","surname":"G\u00dcRLESEL","email":"durmaz.umran@superposta.com","slug":"dr-can-gurlesel","avatar":"\/front\/uploads\/avatar\/17336916008P5QTYWdQ2pLpLn.webp","status":1,"role":1,"email_verified_at":null,"orde":null,"created_at":"2022-09-15T09:39:41.000000Z","updated_at":"2024-12-18T09:51:00.000000Z","seo_title":null,"seo_description":null},"translations":[{"id":17150,"is_featured":0,"is_amp":0,"is_ads":0,"ads_link":null,"post_id":17051,"locale":"tr","category_id":73,"title":"Geli\u015fen \u00fclkeler 2017 y\u0131l\u0131nda daha rahat","home_title":null,"sub_title":null,"slider_title":null,"slider_title_2":null,"slider_spot_title":null,"slider_spot_title_2":null,"subtitleuse":0,"description":null,"content":"  \t\t\t\t\t  \t\t\t\t\t<p><span class=\"large\">ABD Merkez Bankas\u0131\u2019n\u0131n normalle\u015fme ad\u0131mlar\u0131n\u0131 atmaya ba\u015flamas\u0131n\u0131n ard\u0131ndan k\u00fcresel mali ko\u015fullar 2014 y\u0131l\u0131ndan itibaren geli\u015fen \u00fclkeleri zorlamaya ba\u015flam\u0131\u015ft\u0131. 2015 ve 2016 y\u0131llar\u0131n\u0131 s\u0131k\u0131nt\u0131l\u0131 ge\u00e7iren geli\u015fen \u00fclkelerde ba\u015fta b\u00fcy\u00fcmenin yava\u015flamas\u0131 olmak \u00fczere ekonomik performans zay\u0131flam\u0131\u015ft\u0131. 2017 y\u0131l\u0131nda ise geli\u015fen \u00fclkelerin rahatlad\u0131\u011f\u0131 ve ekonomik performanslar\u0131n\u0131 art\u0131rd\u0131klar\u0131 g\u00f6r\u00fcl\u00fcyor.<\/span><\/p>  <p><span class=\"large\"><strong>1. GEL\u0130\u015eEN \u00dcLKELERDE B\u00dcY\u00dcME YEN\u0130DEN TOPARLANIYOR<\/strong><\/span><\/p>  <p><span class=\"large\">2015 y\u0131l\u0131nda y\u00fczde 4.0, 2016 y\u0131l\u0131nda ise y\u00fczde 4.3 b\u00fcy\u00fcyen geli\u015fen \u00fclkelerin 2017 y\u0131l\u0131nda y\u00fczde 4.6 b\u00fcy\u00fcmesi bekleniyor. B\u00fcy\u00fcmenin toparlanmas\u0131nda geli\u015fmi\u015f \u00fclkelerdeki b\u00fcy\u00fcmenin h\u0131zlanmas\u0131 ile d\u00fcnya mal ticaretinin yeniden b\u00fcy\u00fcmesi etkili oluyor. Geli\u015fen \u00fclkelere y\u00f6nelik ba\u015flayan y\u00fcksek sermaye giri\u015fleri de b\u00fcy\u00fcmeyi finanse ediyor. Sermaye giri\u015fleri ayn\u0131 zamanda faizlerin de gev\u015femesine yol a\u00e7\u0131yor. Emtia ve enerji fiyatlar\u0131n\u0131n g\u00f6receli olarak y\u00fckselmi\u015f olmas\u0131 da geli\u015fen \u00fclkelerde b\u00fcy\u00fcmeye destek oluyor. Geli\u015fen \u00fclkeler 2017 y\u0131l\u0131nda birbirine yak\u0131n ve dengeli bir b\u00fcy\u00fcme ger\u00e7ekle\u015ftirmi\u015f olacaklar.<\/span><\/p>  <p><span class=\"large\"><strong>2. GEL\u0130\u015eEN \u00dcLKELERDE MAKROEKONOM\u0130K G\u00d6STERGELER DAHA SA\u011eLIKLI HALE GEL\u0130YOR<\/strong><\/span><\/p>  <p><span class=\"large\">Geli\u015fen \u00fclkelerde \u00f6ncelikle enflasyon bask\u0131s\u0131 giderek zay\u0131fl\u0131yor. Bunda sermaye giri\u015flerine ba\u011fl\u0131 olarak geli\u015fen \u00fclke para birimlerinin de\u011fer kazanmas\u0131 etkili oluyor. Cari a\u00e7\u0131k ve d\u0131\u015f ticaret a\u00e7\u0131\u011f\u0131 alan\u0131nda daha makul b\u00fcy\u00fckl\u00fckler olu\u015fuyor. Kamu maliyelerinde de daha dengeli sonu\u00e7lar elde ediliyor. Geli\u015fen \u00fclkelerde makro g\u00f6stergelerdeki iyile\u015fme sermaye giri\u015fleri ile varl\u0131k fiyatlar\u0131ndaki art\u0131\u015f\u0131 da destekliyor.<\/span><\/p>  <p><span class=\"large\"><strong>3. GEL\u0130\u015eEN \u00dcLKELERE SERMAYE G\u0130R\u0130\u015e\u0130 YA\u015eANIYOR <\/strong><\/span><\/p>  <p><span class=\"large\">Geli\u015fen \u00fclkeler 2015 ve 2016 y\u0131llar\u0131nda \u00f6nemli sermaye \u00e7\u0131k\u0131\u015flar\u0131 ya\u015fad\u0131. 2017 y\u0131l\u0131nda ise y\u00fcksek sermaye giri\u015fi ya\u015fan\u0131yor. B\u00fcy\u00fck merkez bankalar\u0131n\u0131n para politikalar\u0131nda normalle\u015fme s\u00fcre\u00e7lerine ra\u011fmen geli\u015fen \u00fclkeler b\u00fcy\u00fcme performanslar\u0131 ile sermaye \u00e7ekebiliyor. Hisse senedi ve tahvil piyasalar\u0131na y\u00fcksek yat\u0131r\u0131mlar ger\u00e7ekle\u015fiyor. Kredi ve \u00f6zel sekt\u00f6r tahvil ihrac\u0131 \u015feklindeki finansmana eri\u015fim de kolayla\u015ft\u0131. Yunanistan dahi 2017 y\u0131l\u0131nda kredi ve tahvil piyasas\u0131na geri d\u00f6nd\u00fc. Sermaye giri\u015fleri ile birlikte geli\u015fen \u00fclkelerin merkez bankalar\u0131 da rahatlad\u0131 ve faizler g\u00f6receli olarak gev\u015femeye ba\u015flad\u0131.<\/span><\/p>  <p><span class=\"large\"><strong>4. GEL\u0130\u015eEN \u00dcLKELER\u0130N PARA B\u0130R\u0130MLER\u0130 DE\u011eER KAZANIYOR<\/strong><\/span><\/p>  <p><span class=\"large\">2014 ve 2015 y\u0131llar\u0131nda geli\u015fen \u00fclke para birimleri \u00f6nemli \u00f6l\u00e7\u00fcde de\u011fer kaybetti. 2016 y\u0131l\u0131n\u0131n ortas\u0131ndan itibaren de\u011fer kayb\u0131 dura\u011fanla\u015ft\u0131. 2017 y\u0131l\u0131nda ise geli\u015fen \u00fclke para birimleri sermaye giri\u015flerinin de etkisi ile de\u011fer kazan\u0131yor. Dolar\u0131n son aylarda k\u00fcresel \u00f6l\u00e7ekte zay\u0131flamas\u0131 da etkili oluyor.<\/span><\/p>  <p><span class=\"large\"><strong>5. T\u00dcRK\u0130YE DE 2017 YILINDA DAHA UYGUN KO\u015eULLARA SAH\u0130P OLDU<\/strong><\/span><\/p>  <p><span class=\"large\">Geli\u015fen \u00fclkeler 2015 ve 2016 y\u0131llar\u0131nda \u00f6nemli \u00f6l\u00e7\u00fcde s\u0131k\u0131nt\u0131 \u00e7ekerken T\u00fcrkiye kendi i\u00e7inde ya\u015fad\u0131\u011f\u0131 olumsuz geli\u015fmelerle ortalaman\u0131n \u00fczerinde bir s\u0131k\u0131nt\u0131 ya\u015fad\u0131. Yat\u0131r\u0131m yap\u0131labilir \u00fclke kredi notlar\u0131n\u0131 kaybeden T\u00fcrkiye\u2019de enflasyon ve faizler artarken T\u00fcrk Liras\u0131 da \u00f6nemli \u00f6l\u00e7\u00fcde de\u011fer kaybetti. 2017 y\u0131l\u0131nda ise T\u00fcrkiye geli\u015fen \u00fclkeler i\u00e7in ortaya \u00e7\u0131kan olumlu ko\u015fullardan azami \u00f6l\u00e7\u00fcde yararlan\u0131yor. 2017 y\u0131l\u0131nda T\u00fcrkiye\u2019ye yeniden \u00f6nemli bir sermaye giri\u015fi oluyor. Ekonomik b\u00fcy\u00fcme h\u0131zland\u0131. Mali varl\u0131klar\u0131n de\u011ferleri y\u00fckseliyor. T\u00fcrk Liras\u0131 da g\u00f6receli bir istikrar kazand\u0131.<\/span><\/p>  <p><span class=\"large\"><strong>6. YILIN GER\u0130 KALANINDA GEL\u0130\u015eEN \u00dcLKELER\u0130N ARTAN PERFORMANSI S\u00dcRER M\u0130?<\/strong><\/span><\/p>  <p><span class=\"large\">Y\u0131l\u0131n geri kalan\u0131nda geli\u015fen \u00fclkelerin artan performans\u0131n\u0131 s\u0131n\u0131rlayacak en \u00f6nemli unsur ABD ve AB merkez bankalar\u0131n\u0131n para politikalar\u0131nda normalle\u015fme ad\u0131mlar\u0131 olacak. Ancak geli\u015fen \u00fclkeler yakalad\u0131klar\u0131 b\u00fcy\u00fcme performanslar\u0131n\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde koruyacak. Bu da onlara sermaye giri\u015finin s\u00fcrmesini sa\u011flayacak. Buna ba\u011fl\u0131 olarak para birimlerinde s\u0131n\u0131rl\u0131 de\u011fer kay\u0131plar\u0131 ya\u015fanacak. Ancak bu etkiler her geli\u015fen \u00fclke i\u00e7in farkl\u0131 olacak ve geli\u015fen \u00fclkeler yeniden ayr\u0131\u015facak.<\/span><\/p>  <p><span class=\"large\"><strong>Son S\u00f6z:<\/strong> T\u00fcrkiye b\u00fcy\u00fcme dinamiklerini koruyarak geli\u015fen \u00fclkeler i\u00e7inde olumlu ayr\u0131\u015fmal\u0131, d\u0131\u015f politika ve jeopolitik risklerini en aza indirmeli.<\/span><\/p>  \t\t\t\t","slug":"gelisen-ulkeler-2017-yilinda-daha-rahat","orjinalimage":null,"news_cover_min":null,"news_cover":null,"news_video_min":null,"news_video":null,"cropped_638x552":null,"cropped_310x208":null,"cropped_416x247":null,"cropped_197x247":null,"cropped_416x600":null,"cropped_1200x675":null,"tags":"K\u00f6\u015fe Yaz\u0131s\u0131","meta_title":"Geli\u015fen \u00fclkeler 2017 y\u0131l\u0131nda daha rahat","meta_description":"Dr. Can G\u00fcrlesel","meta_keywords":"K\u00f6\u015fe Yaz\u0131s\u0131","view_count":100,"yt":0,"ytid":"","ytimage":null,"imgdate":"2000-01-01 00:00:00","cuff_cover":null,"cropped_358x214":null,"cropped_842x474":null}]}}